EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 1.59889 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.60271 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ” indicator layout is found. The indicator is ”. which could be a negative signal. The pair is likely to go down.

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There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59654 —
1.60197 – 1.59840 —
48.313183119785 – 32.585095128403 —
– —
1.60271 – 1777273200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –